Michael Dell: trick or treat?
It's Halloween time again, and DELL announced that it spent 300 million dollars repair some desktop PCes. Assuming $150 per repair, that is two million PC repairs.
Considering that DELL/HELL has been always reluctant to repair PCes and tends to hide from their customers, this massive repair is mysterious.
Any way, I reiterate my assessment that DELL is the next Enron. Two bucks of assets simply can't support a stock of ..$38..no, now it's $31. (update 11/02/05, now $29)
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It's May 8, 2006 today. DELL is trading at $24.8 after hours after warning about revenue and profit fall. Incidentally, DELL's book value is only $1.7 right now.
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